! Required information [The following information applies to the questions displayed below.) Brodrick Company expects to produce 22,000 units for the year ending December 31. A flexible budget for 22,000 units of production reflects sales of $550,000; variable costs of $66,000, and fixed costs of $140,000. If the company instead expects to produce and sell 26,600 units for the year, calculate the expected level of income from operations. ------Flexible Budget at - ------Flexible Budget------ Variable Amount Total Fixed Cost 22,000 units 26,600 units per Unit Sales Variable cost Contribution margin Fixed costs Income from operations HA 0.00 $ 0 $ 0 $ 0 $ 0 Assume that actual sales for the year are $620,000 (26,600 units), actual variable costs for the year are $113,300, and actual fixed costs for the year are $134,000. Prepare a flexible budget performance report for the year. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) BRODRICK COMPANY Flexible Budget Performance Report For Year Ended December 31 Flexible Budget Actual Results Variances Favorable/ Unfavorable Contribution margin 0 0 $ 0 $ 0